FRANCE - Advent to sell Monext
Advent International looks set to exit its investment in electronic payment company Monext, which it spun out from Experian France in 2008, in a trade sale to Crédit Mutuel Arkéa.
In October 2008, Advent International has teamed up with Doc@post, a subsidiary of La Poste, in order to acquire Experian France's transaction processing activities for a gross consideration of EUR 203m, subsequently rebranding it Monext.
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